Lear Co. (NYSE:LEA) Stock Position Increased by Stifel Financial Corp

Stifel Financial Corp grew its position in shares of Lear Co. (NYSE:LEA - Free Report) by 15.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,369 shares of the auto parts company's stock after purchasing an additional 7,910 shares during the period. Stifel Financial Corp owned approximately 0.11% of Lear worth $6,480,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Lear during the 2nd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its position in shares of Lear by 70.5% during the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock worth $32,000 after buying an additional 110 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock worth $35,000 after buying an additional 214 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Lear in the third quarter valued at $34,000. Finally, Signaturefd LLC raised its holdings in Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 139 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEA has been the subject of several research analyst reports. Bank of America dropped their target price on shares of Lear from $180.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, October 14th. TD Cowen cut their price objective on Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on Lear from $114.00 to $106.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $132.00 price target on shares of Lear in a research report on Tuesday, September 10th. Finally, Barclays downgraded shares of Lear from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $140.00 to $120.00 in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lear presently has an average rating of "Hold" and a consensus price target of $140.25.

Lear Stock Performance

NYSE LEA traded down $1.40 on Friday, hitting $98.35. The stock had a trading volume of 740,169 shares, compared to its average volume of 667,720. The company's 50-day moving average is $100.03 and its two-hundred day moving average is $109.74. Lear Co. has a one year low of $92.14 and a one year high of $147.11. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.60 and a beta of 1.45. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 EPS. On average, analysts expect that Lear Co. will post 12.01 earnings per share for the current year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, December 11th. Lear's payout ratio is currently 32.39%.

Lear Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.